Cyanogen Looks To Invest In And Acquire Indian Startups

Cyanogen, a US-based mobile software company which produces Android-based firmware for mobile devices, has revealed its plans to tap the growing smartphone market in India.

The company is also evaluating possibilities to invest in or acquire startups in the country to strengthen its product offerings.

Kirt McMaster, co-founder and chief executive of Cyanogen said, “We are going to expand in India aggressively, and you can expect to see a lot more of us next year. Our Bangalore team has 11 people, which will grow up to 60 people by the end of 2016.”

Cyanogen opened its Bangalore office this year after receiving $80 Mn funding from PE firm, Premji Invest, Twitter Ventures and Qualcomm, in March 2015.

It started as an open-source project, CyanogenMod, an aftermarket firmware for cellphones based on Android operating system, in 2009. In India, the company officially entered through an exclusive partnership with Micromax’s online brand Yu, which has so far launched three smartphones running the Cyanogen operating system.

Earlier this year, Microsoft had announced its partnership with Cyanogen to get deeper integration with Android users.

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